Tag: Nepal

Nepal exports electricity worth a billion Nepali rupees to India in last fiscal
26Sep By Joe RodriguezNo Comments
Asia, USA

Nepal exports electricity worth a billion Nepali rupees to India in last fiscal

A report published by the Nepal Electricity Authority (NEA) has said that Nepal has exported electricity worth one billion Nepali rupees to India in the last fiscal year, 2019-20.“In 2076-77 (2019-20) fiscal year, Nepal was able to export electricity worth 95 crores 70 lakhs Nepali rupees to India as per a power deal signed by the two countries. Earlier, the Himalayan nation had set a target of selling nine crore units of electricity while it was able to send 10 crores and 70 lakh units last year”, the NEA report said.Prabal Adhikari, spokesperson at NEA, said: "Nepal exported a total of two crores and 96 lakh units of electricity to India between mid-September and November, which was the highest flow of electricity during the fiscal year of 2076-77. The least was recorded between mid-Apri...
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Cross-border petroleum pipeline helps Nepal save freight charges
19Sep By Michael SmithNo Comments
USA

Cross-border petroleum pipeline helps Nepal save freight charges

Nepal is saving 2 billion rupees annually in freight charges after the first cross-border petroleum pipeline of South Asia became operational in September 2019.Nepal earlier has been spending 2 billion rupees as freight expenses to bring the petrol from Patna in India. "Not only the freight charges, it also has helped in avoiding the vagaries of transportation by tanker trucks," said Surendra Kumar Paudel, Managing Director of Nepal Oil Corporation.It takes at least 14 hours to transport oil from Patna in India to Amlekhganj. Indian Oil Corporation has been the sole supplier of fuel to Nepal Oil Corporation since 1974.In February this year, a team from the Indian Oil Corporation, which built Amlekhganj pipeline, conducted a survey for pipeline connecting Nepal Oil Corporation's depot at Ch...
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Indian officials to train Nepali technicians for operating Janakpur-Jaynagar railway line
14Sep By Joe RodriguezNo Comments
Asia

Indian officials to train Nepali technicians for operating Janakpur-Jaynagar railway line

A total of 26 officials from India will be going to Nepal to provide training to Nepali technicians for the operation of the Janakpur-Jaynagar railway line, according to a contract.“To bring officials from India, an agreement has been reached between Nepal and Indian Railway Board”, Director General of Rail Department of Nepal, Balram Mishra said."We asked for the officials from India in an online video conference held between the Railway Department of India and Nepal. There is a vacancy for various posts in Nepal but no applications have come forward. For now, we will bring officials from India who will also provide training to Nepali officials once the recruitment is done," Mishra added.Nepal's Railways Department has already started completing the procedure to hire Indian officials for ...
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‘Flipkart opens avenues for Nepali sellers as well as consumers’
12Sep By Joe RodriguezNo Comments
Asia, Market, USA

‘Flipkart opens avenues for Nepali sellers as well as consumers’

Founder and CEO of Sastodeal, a leading e-commerce company in Nepal, feels that the partnership of her company with e-commerce giants Flipkart and Myntra of India has further strengthened friendship between the two nations.After signing the deal, Amun Thapa said the opportunity would be beneficial for consumers in both India and Nepal."Sastodeal's strategic partnership with Flipkart is a big step towards strengthening the Nepal-India relationship. We hope millions of Nepalese consumers and millions of Indian vendors benefit from this partnership," Thapa said.Under the partnership, cross-border e-trade opportunities for local Indian MSMEs will open up and Sastodeal will host over 5,000 product verticals from Flipkart marketplace sellers operating across the categories of babycare and kids, ...
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Illegal activities of Nepal PM’s IT consultant get government amnesty: Report
6Sep By Joe RodriguezNo Comments
Asia

Illegal activities of Nepal PM’s IT consultant get government amnesty: Report

A recent report has revealed that Nepal Prime Minister KP Sharma Oli's IT consultant, Asgar Ali has been involved in “illegal business” ranging from collecting information illegally to hacking news portals.A report by news portal Kharbarhub.com, citing security sources, said, "Ali's company has used the same server and the same IP from the PM's office to banks and other organizations while grabbing most of the IT contracts of the government.”The report further stated that most of Ali's companies are involved in the contract of more than Rs 20 billion besides involvement in illegal transactions with alien forces, mainly China, to capture the digital domain."Ali, most likely, has some connection with the Chinese and the controversial Huawei Company," the source was quoted as saying.The repor...
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Nepal relies on India for life-saving Remdesivir drug
6Sep By Joe RodriguezNo Comments
Asia

Nepal relies on India for life-saving Remdesivir drug

In order to fight the coronavirus pandemic, Nepal has been relying on India for the supply of life-saving Remdesivir drug, which is being used for the treatment of COVID-19 patients. Though the drug does not cure the virus, it has played a crucial role in treating patients at the critical medical stage.In Kathmandu, Sapana's (name changed) father is admitted to a private hospital and undergoing treatment at intensive care unit (ICU), as he was confirmed to have contracted the virus. She asked her chemist, who had contacts in India, to order Remdesivir as it was not available in Nepal."As my chemist had contacts in India, he was able to bring it to Nepal. Now, my father is doing well and is out of danger. If the medicine was not available in India, his condition would have become worrisome,...
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India-Nepal review implementation of projects in Oversight Mechanism meeting
5Sep By Joe RodriguezNo Comments
Asia

India-Nepal review implementation of projects in Oversight Mechanism meeting

In the eighth round of Oversight Mechanism meeting, India and Nepal discussed and reviewed the implementation of India-assisted projects in the last one year.A release from the Ministry of Foreign Affairs, Nepal said: "The Eighth Meeting of Nepal-India Oversight Mechanism was held in Kathmandu through Video Conferencing under the co-chairmanship of Foreign Secretary Shanker Das Bairagi and Ambassador of India to Nepal Vinay Mohan Kwatra. The meeting made a thorough review of the implementation of the projects under bilateral cooperation.”During the meeting, the release said, discussions were held on the status of implementation of the ongoing projects under Nepal-India bilateral cooperation covering terai roads, crossborder railways, Arun-III hydropower project, petroleum products pipeline...
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Nepali company gains expertise while working with Indian firm on railway project
2Sep By Joe RodriguezNo Comments
Asia

Nepali company gains expertise while working with Indian firm on railway project

A Nepal-based company has said that working with Indian company Ircon on Janakpur-Jaynagar railway project has increased their expertise and knowledge in the sector and this experience has made the company more confident to carry out further works in Nepal.“India has the world’s largest railway connection and Ircon looks after these links. While working with them we have become confident that we can carry out further railway construction works in our nation,” said Raman Mahato, Director, Raman Construction.Raman Construction has been given the responsibility to complete the work of embankment and cutting, blanketing work for laying new railway line, construction of major and minor bridges, and any other incidental/ancillary works required in connection to the completion of the work.“Previo...
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Nepal still banks on Indians to revive its tourism sector
31Aug By Joe RodriguezNo Comments
Asia

Nepal still banks on Indians to revive its tourism sector

According to Nepal Tourism Board officials, despite the COVID-19 induced economic slowdown, Nepal is expecting to host about 2 lakh foreign tourists in the ongoing fiscal year 2020-21, that is set to end in mid-July 2021, of which majority will be Indians.This statement comes even after ties between India and Nepal have strained over the Himalayan nation's controversial map incorporating the Indian territories of Lipulekh, Kalapani and Limpiyadhura, tourists from India continue to be the mainstay for Nepal's tourism industry."We still have 10 months of this fiscal year and flights may not resume before September. We have estimated that over 200,000 tourists will visit Nepal during this period. We have also finalized our policy and programmes that mentions the target," Deepak Mahat, a membe...
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Fierce competition starts between US, China for energy corridors in central asia
21Aug By Mike TrudellNo Comments
Asia, China, World

Fierce competition starts between US, China for energy corridors in central asia

Amid already heightened tensions between the United States and China, the Trump administration has now called "for a new alliance of democracies" to counter China's aggressive policies, and, in a retaliatory move, Beijing has begun adding more potential new trade and energy corridors linking Central Asia with South Asia and the Middle East.To counter China's aggressive expansionist policies in the South China Sea, the US has decided to have a quadrilateral alliance with Japan, Australia and India.Maleeha Lodhi, who has served as Pakistan's ambassador to Britain, the US and the United Nations said, “Fundamental realignments are taking place across the world at a challenging, transformative time in international affairs when global power is shifting to the East. Our region is no exception an...
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